Page 524 - MOE ENGLISH PR REPORT - OCTOBER 2024

The UAE-Malaysia relationship is part of growing ties with the wider Asean bloc of 10 countries that
also incorporates Brunei, Cambodia, Indonesia, Laos, Myanmar, the Philippines, Singapore,
Thailand and Vietnam.
In May 2022, the UAE signed a Cepa with Indonesia, which came into force in September 2023,
while a similar agreement with Cambodia was activated at the end of January.

Negotiations are also well under way with the Philippines and Vietnam, the latter finalising terms on
a deal to build on bilateral trade worth nearly $9 billion.

The UAE has signed 12 such agreements with countries across the world so far since launching its
Cepa programme in September 2021. The programme aims to increase the country’s non-oil
foreign trade to AED4 trillion ($1 trillion) by 2031.

https://www.agbi.com/trade/2024/10/uae-and-malaysia-sign-cepa-to-increase-bilateral-trade/